HP Fund 2018 LLC is a private equity fund based in Cleveland, Ohio. According to its most recent Form D, filed Nov 21, 2018, it has sold $3,375,000 of interests to 29 investors since its first sale in Nov 2018. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Andrew Sparacia; Daniel Bergrin; entity] GBX Fund Management, Ltd.
- Total raised
- $3,375,000Cumulative sales reported on Form D
- Investors
- 29
- First sale
- Nov 16, 2018
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Andrew Sparacia; Daniel Bergrin; entity] GBX Fund Management, Ltd
- Latest Form D
- Nov 21, 2018
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about HP Fund 2018 LLC
What is the minimum investment for HP Fund 2018 LLC?
According to its latest Form D, filed Nov 21, 2018, the minimum investment HP Fund 2018 LLC accepts from an outside investor is $100,000.
Who can invest in HP Fund 2018 LLC?
HP Fund 2018 LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has HP Fund 2018 LLC raised?
HP Fund 2018 LLC reports $3,375,000 sold from 29 investors on its Form D filed Nov 21, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is HP Fund 2018 LLC based?
HP Fund 2018 LLC is based in Cleveland, Ohio.
When did HP Fund 2018 LLC launch?
HP Fund 2018 LLC reports its first sale in Nov 2018.
Size compared with every private equity fund
Raised more than 37% of the 70 private equity funds based in Ohio, and more than 31% of all 8,918 that report sales.